TECHNIQUE ET PASSION: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
TECHNIQUE ET PASSION
Largest movements
- Stocks and contracts +€16,046
up €16,046 (+40.5%), from €39,653 to €55,699
- Receivables within one year -€2,163
down €2,163 (-34.2%), from €6,328 to €4,165
of which Trade receivables: -€2,652
- Other debts +€15,507
up €15,507 (+11.2%), from €138,979 to €154,486
- Profit (loss) carried forward -€6,149
down €6,149 (-5.5%), from -€112,081 to -€118,230
- Trade debts +€3,000
up €3,000 (+1,219%), from €246 to €3,246
- Short-term financial debts +€1,168
up €1,168 (+906%), from €129 to €1,297
- Gross operating margin +€5,887
up €5,887 (+67.2%), from -€8,761 to -€2,874
- Depreciation -€568
down €568 (-45.7%), from €1,242 to €674
- Financial charges +€258
up €258 (+84.0%), from €307 to €566
- Other operating charges +€214
up €214 (+11.8%), from €1,821 to €2,035
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,105 | €60,630 | +€13,526 | +28.7% |
| Fixed assets | 21/28 | €824 | €528 | -€295 | -35.8% |
| Tangible fixed assets | 22/27 | €724 | €429 | -€295 | -40.7% |
| Plant, machinery and equipment | 23 | €247 | €0 | -€247 | -100% |
| Furniture and vehicles | 24 | €477 | €429 | -€48 | -10.0% |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €46,281 | €60,102 | +€13,821 | +29.9% |
| Stocks and contracts in progress | 3 | €39,653 | €55,699 | +€16,046 | +40.5% |
| Stocks | 30/36 | €39,653 | €55,699 | +€16,046 | +40.5% |
| Amounts receivable within one year | 40/41 | €6,328 | €4,165 | -€2,163 | -34.2% |
| Trade receivables | 40 | €5,737 | €3,085 | -€2,652 | -46.2% |
| Other amounts receivable | 41 | €591 | €1,080 | +€489 | +82.8% |
| Cash at bank and in hand | 54/58 | €300 | €238 | -€62 | -20.7% |
| Total equity and liabilities | 10/49 | €47,105 | €60,630 | +€13,526 | +28.7% |
| Equity | 10/15 | -€92,250 | -€98,399 | -€6,149 | -6.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,239 | €1,239 | = | 0.0% |
| Distributable reserves | 133 | €1,239 | €1,239 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€112,081 | -€118,230 | -€6,149 | -5.5% |
| Amounts payable | 17/49 | €139,354 | €159,029 | +€19,675 | +14.1% |
| Amounts payable within one year | 42/48 | €139,354 | €159,029 | +€19,675 | +14.1% |
| Financial debts | 43 | €129 | €1,297 | +€1,168 | +906% |
| Credit institutions | 430/8 | €129 | €1,297 | +€1,168 | +906% |
| Trade debts | 44 | €246 | €3,246 | +€3,000 | +1,219% |
| Suppliers | 440/4 | €246 | €3,246 | +€3,000 | +1,219% |
| Other amounts payable | 47/48 | €138,979 | €154,486 | +€15,507 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,242 | €674 | -€568 | -45.7% |
| Other operating charges | 640/8 | €1,821 | €2,035 | +€214 | +11.8% |
| Gross operating margin | 9900 | -€8,761 | -€2,874 | +€5,887 | +67.2% |
| Operating profit (loss) | 9901 | -€11,825 | -€5,584 | +€6,241 | +52.8% |
| Financial charges | 65/66B | €307 | €566 | +€258 | +84.0% |
| Recurring financial charges | 65 | €307 | €566 | +€258 | +84.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,132 | -€6,149 | +€5,983 | +49.3% |
| Profit (loss) for the period | 9904 | -€12,132 | -€6,149 | +€5,983 | +49.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,132 | -€6,149 | +€5,983 | +49.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.